Tiger 21 says Apple and Berkshire Hathaway again swapped spots for favorite single-stock pick, with Apple reclaiming the top position. The next three favorite equity picks were SPDR S&P 500 ETF, Health Care SPDR ETF and iShares MSCI Emerging Markets ETF.
“Our members are long-term investors,” says Sonnenfeldt. “In the case of Apple and Berkshire Hathaway, regardless of which stock comes in on top, their consistent presence on our list shows that our members have a fundamental belief in those companies for the long term.”
Hedge funds lost two percentage points as the favorite for 15 percent of Tiger 21 members, an all-time low. Cash and cash equivalents are the favorite of 2 percent of members, the same as last year.
Asked to name their favorite managers across all types of investments, the top five responses included three repeats from last year and two new additions. Golub Capital Inc. (private equity), Chickasaw Capital Management LLC (equity: MLPs), and Elliott Management Corporation (hedge fund: distressed) remain on the top five list. Newcomers include A.L. Stuart & Co. (equity: MLPs) and Dome Equities (real estate), says Tiger 21.